BlockBeats News, February 5th. According to Ember Group monitoring, as Ethereum dropped to the $2000 level, a whale holding a large leveraged position was forced to liquidate. The investor had collateralized 23,800 ETH (worth around $48.56 million) to borrow 35.27 million DAI, with a liquidation price of $1800.
With the current price only $250 away from the liquidation line, the whale has urgently sold 238 ETH to obtain 488,000 DAI for repayment.
